Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-12-14
BLACK SPAR M. & M. CO.
ANOTHER ST. LOUIS COMPANY 0p.
GRATING HERE,
The Promising Property Secured by II
at Muldoon- $4,000 Set Apart as a
Working Capitalize.


trlcts come to the front with new
strikes, increased developments, or
other evidences of renewed prosper.
itv. The latest of these to be heard
from in this direction is Muldoon.
Three years ago that camp was a
lively one. The Little Wood River
Mining and Smelling Company con-
structed smelter there, and employed
large number of men to open up
their mines; but the ore, although
found in vast bodies, proved of SO low
grade that it could not be worked
to profit, at the prices then ruling
for coke, flux, wages, supplies, etc,
and the works were shut down.
The prospectors of the district then
turned their attention to the milling
ore veins, and several of these were
located and opened; but the ores, al
though of paratively high grade
for milling purposes, could not be
proftably shipped. There were some
exceptions, however, and one of these
was the Black Spar group, whose ores
carried from 50 to 800 ounces silver
per ton; and which, in consequence,
was much sought after BY the repre-
sentatives of syndicates looking for
mining investments in this region. A
few months ago, George B. Smytl', Jr.,
secured bond on the property, and,
armed with report by E. B. True,
the wellknown civil and mining engi-
neer Of this city, went to St. Louis,
where he had no trouble whatever in
organizing company to develop the
property. AS soon as a preliminary
organization had been effected, Pro-.
lessor Hagen, G.. N. Hahn, and Hugh
O'Donnell came to visit the group.
Their report not only fully corrobo-
rated Mr.. True's, but rated the prop
erty much higher than he had. The
transfer was thereupon completed, the
organization of the company perfect
ed, and Mr.. Smyth dispatched to
Idaho as Superintendent and General
Manager.
This organization is to be known
as the Black Spar Mining and Milling
Company. Its capital stock will be
100000, divided into 100000
shares of the par value Of $40 each.
The sum of $4,000, after paying for
the claims and all preliminary ex-
penses, has been set apart for work
ing capital. The company is incor-
porated under the laws of Illinois,
with 99-year charter, and the Board
of Directors is composed of Joseph
Gummersbacb, G. N. Hahn, a. J.
Butte, and Messrs. Myers, Evans,
Eckerly, thinner, Fritz, and Smyth-
all we'll known citizens of Missouri
and Illinois, with the single exception
of "ouro Mr.. Smyth.
The Black Spar group consists of
the Black Spar, Silver Wedge, and
Good Hope claims, Of 1500xG0O feet
each. The claims are exceedingly
promising; the outcropplngs are mas
sive, and can be seen for miles. The
hanging wall is brown and gray por-
phyry, the foot wall quartzite, while
the vein gangue carries Gale spar and
antimonial silver (gray copper. The
high grade ore will bear shipping to
any part Of the country, while the
low grade can easily be concentrated
10 tons into one, worth $50 ounces.
| Considerable work has been done on
this property-in the way of surface
cuts, shafts, drifts, and tunnels aud
the vein been proved to be of uniform
dip and fertile throughout, as far as
opened. In the lower workings,
which are at depth of 700 feet from
the apex of the mountain, the vein
shows width Of fully y feet of ore
Of good grade. There is over $4,000
worth of ore on the dump.
Mr.. Smyth has gone to work Wig
orousIy to get ready for the winter
tie has already built boarding anC
lodging,houses, let timber and wooc
contracts, hauled in the most Of hi
winter supplies, and put II men tc
work in the mines. This number vii
be increased to % or 80 before spring
and next spring, when the construc
don of the concentrating mill shall be
commenced, fully 60 men will be EN-
ployed.
The TIMES congra.ulates the people